Grainger (GWW) Misses Q1 EPS by 1c; Trims FY15 Outlook
Grainger (NYSE: GWW) reported Q1 EPS of $3.10, $0.01 worse than the analyst estimate of $3.11. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.46 billion.
Grainger sees FY2015 EPS of $12.25 - $12.95, versus prior guidance of $12.60 - $13.60 and the consensus of $12.89. Revenue growth is expected at 1 to 4 percent, from 3 to 7 percent prior.
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